Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
Franchised Activity Pushes BHPH Market Share
Tuesday, Dec. 6, 2011, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Buy-here, pay-here penetration in used-vehicle financing continues to be on the rise, according to third-quarter data assembled by Experian Automotive. Experian discovered the BHPH market share climbed 10.5 percent year-over-year to 14.26 percent of all used-vehicle financing ... [Read More]
DEALERsure Availability Expands into 43 States
Tuesday, Dec. 6, 2011, 12:00 AM
Nick Zulovich
MELBOURNE, Fla. — Five Star Specialty Programs, a division of Crump Insurance Services and part of Crump Group, revealed today that coverage for its dealers insurance program now encompasses 43 states. The seven states excluded from DEALERsure are Alaska, Connecticut, ... [Read More]
Ally Buyer’s Choice to Be Available in 17 States by End of December
Thursday, Dec. 1, 2011, 12:00 AM
Nick Zulovich
DETROIT — Ally Financial revealed plans today to expand the offering of its flexible Ally Buyer's Choice product to 12 additional states this month. Ally Buyer's Choice debuted in five states in November and now is available in the following ... [Read More]
Experian: 3Q Subprime Auto Loans Climb Year-Over-Year
Thursday, Dec. 1, 2011, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive analysis showed auto lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis unveiled today, Experian discovered 21.87 percent of all new-vehicle loans during the third quarter went to customers in ... [Read More]
AFSA Reveals Lender CEO Panelists for Annual Conference
Thursday, Dec. 1, 2011, 12:00 AM
Nick Zulovich
LAS VEGAS — Before the National Automobile Dealers Association kicks off its convention this year, the American Financial Services Association will be holding its 16th Vehicle Finance Conference and Exposition, with a bevy of industry experts set to present. And for one ... [Read More]
DriveTime Launches Indirect Lending Division for Dealers
Thursday, Dec. 1, 2011, 12:00 AM
Nick Zulovich
PHOENIX — DriveTime Automotive Group, which helps people with less than perfect credit get a vehicle, revealed to SubPrime Auto Finance News this week the launch of an indirect lending division doing business as GO Financial. In the subprime, buy-here, pay-here ... [Read More]
Comerica: Auto Affordability Drops Yet Again
Tuesday, Nov. 29, 2011, 12:00 AM
Nick Zulovich
DALLAS — Auto affordability remained on the downward slope during the third quarter, and playing a major role in this softening was sluggish income growth, according to Comerica Bank. While income stagnancy is a "drag" on the typical post-recession bounce-back in ... [Read More]
SubPrime Auto Finance News Seeks Help Updating Lender Directory
Tuesday, Nov. 29, 2011, 12:00 AM
Nick Zulovich
CARY, N.C. — The past few years have been tough across the board for lenders and dealers, particularly those working in the non-prime, special finance and buy-here, pay-here space. To help bring lenders and dealers together to get credit-challenged customers financed, ... [Read More]
Automotive Compliance Consultants Gives Dealers Ability to Check 3 Credit Reports from One Site
Tuesday, Nov. 29, 2011, 12:00 AM
Nick Zulovich
CRYSTAL LAKE, Ill. — Striving to make it easier for dealers to more efficiently and quickly close deals, Automotive Compliance Consultants revealed Monday that it will now enable dealers to access three major credit bureaus, as well as all credit-related documents from one ... [Read More]
J.D. Byrider Honors Top Locations
Tuesday, Nov. 29, 2011, 12:00 AM
Nick Zulovich
CARMEL, Ind. — J.D. Byrider recently unveiled its Franchise of the Year winners and President's Awards, honoring a slew of stores throughout the country. The company announced the winners at its November convention in Rancho Palos Verdes, Calif. In the Franchise ... [Read More]